a great buy at these levels

There is nothing intrinsically wrong with PDN or the Uranium story looking foreword .....just the bl**dy dumb Fund managers stuffing the share price as they chase liquidity to cover the dumb a*se sub-prime positions.

PDN will be ramped up to full production this month , it is the newest producer able to capitalise on current world uranium prices where most other world producers are still committed to long term supply contracts from $18 to $28 U.S. per lb.and for some years to come , whick they don't openly admitt . PDN does have only a small amount of hedging , but thats in excess of $60 a lb anyway.

Not to mention a fully funded , unhedged uranium mine due to come on line in 12 months in Malawi and soon to be announced a pipeline of future projects to be debt financed from production with little future share dillusion.

John Borshoff will tell you the uranium price is on its way back to record prices over the next 12 months .... that ought to be obvious to most observers.

Buy at these levels and be a winner .....when the madening crowd heads for the panic exits for their own liquidity reasons only , then this is definately oversold.

Cheers to all the long term holders.